Origin Bancorp, Inc. (NASDAQ:OBK – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $36.00.
Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their price target on Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Stephens restated an “overweight” rating and set a $39.00 target price on shares of Origin Bancorp in a research report on Thursday, July 25th.
Get Our Latest Stock Report on Origin Bancorp
Hedge Funds Weigh In On Origin Bancorp
Origin Bancorp Price Performance
Shares of NASDAQ OBK opened at $33.15 on Friday. The stock has a market cap of $1.03 billion, a P/E ratio of 12.51 and a beta of 0.99. Origin Bancorp has a twelve month low of $26.68 and a twelve month high of $37.56. The stock has a 50 day moving average of $31.87 and a two-hundred day moving average of $31.59. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18.
Origin Bancorp (NASDAQ:OBK – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.05. The firm had revenue of $164.26 million for the quarter, compared to analysts’ expectations of $90.70 million. Origin Bancorp had a return on equity of 7.94% and a net margin of 13.18%. During the same quarter in the previous year, the firm posted $0.69 EPS. On average, research analysts forecast that Origin Bancorp will post 2.61 earnings per share for the current year.
Origin Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, August 15th. Origin Bancorp’s dividend payout ratio (DPR) is 22.64%.
About Origin Bancorp
Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, and residential mortgage loans.
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